Company Formation

From January 1, 2020. The Swiss Financial Institutions Act (FinIA) and the Swiss Financial Services Act (FinSA) entered into force, updating the regulatory regime for trustees working in Switzerland. This means that all independent portfolio managers (PMs) and trustees subject to supervision under FinIA will have to be supervised by a Supervised organisations (SO) authorised by FINMA and get licensed by FINMA before they can be able to carry out their activities as financial intermediaries in Switzerland.

Swiss economic structure is characterized by a pronounced orientation towards international trade in goods and services as well as on cross-border investment activities, besides the banking and pharmaceutical industries.
According to the World Economic Forum’s (WEF) 2015-16 Global Competitiveness Index, Switzerland is the world’s most competitive economy for the seventh year consecutively, this due to its low tariffs on manufactures and absence of quantitative restrictions. 
The 15th largest export economy in the world and the 2nd most complex economy according to the Economic Complexity Index (ECI), Switzerland has exported only in 2015 $279B and imported $261B, resulting in a positive trade balance of $17.5B.